I do not want to nickle and dime tenants to up my cash on cash return by 1.112133551678%.That being said, I am starting a renovation project converting a SF to a duplex. 

It allows you to diversify into a portfolio of homes as opposed to putting all of your proverbial eggs in one basket.Be cautious tho as over the years I have witnessed countless investors buying properties in crappy areas, for more than they are worth and being passed on to crappy property management that nickel and dimes them to death (I guess all of those 15% "awesome" paper cap rates and promises of financial freedom aren't that awesome after all...)This is not just true for real estate deals but life in general (Your "piece of paper" degree does't necessarily dictate success in your chosen profession or your business)Real life experience is different to what any "piece of paper" says.In all reality guys it takes time to build financial freedom, and the more you can diversify your risk across multiple properties in your portfolio the less risk you bear in the long run.I may not be the smartest Aussie you have ever met, however I do understand a few basic rules that I follow on every acquisition I make.Strength in numbers, cash only, patience, and discipline.Let's talk about Strength first.Price point plays a big part of "strength in numbers" as it is safer to acquire 5 homes for a total of $350,000 as opposed to one for $350,000.What happens if "that one" property goes untenanted for 5 months?

Mostly unleveraged on my SFRs, going for section 8 to max out cashflow on the government's reliable dime.

In essence, PM has managed for 5 months- I have not received a dime. 

They had to improve on their own dime.

) - Aim for lease expiry in the spring ( vacancies will be shorter, monthly rent will be higher ) - Don't nickel and dime with minor rent raise when you have good tenants I have been blessed thus far ( touch wood ) to have 85% renewal ratio which is HUGE on your bottom line but this comes with planning and work.

These postings are a dime-a-dozen here.

I say show me the money, who you are , and where we can meet in person. if anyone asks you for a dime in advance that happens to be against the law, so be careful.

The only possible way that they could claim that the properties are not profitable is to discount the fact that, in the 2 years we've owned them, we haven't taken a dime from the properties.

I may never see a dime but at least it sits on their credit and possibly stops them from damaging someone else in the future or keeps them from qualifying for a car loan, home loan, etc.I hope you've learned the following:1.